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Chicago & Midwest  + Finance  | 

Green Courte Closes Fifth Fund at $541M

Private equity firm Green Courte Partners closed its fifth investment fund, Green Courte Real Estate Partners V (GCREP V), with total capital commitments of $540.8 million. GCREP V will employ institutional levels of leverage to acquire up to $1.6 billion of niche real estate assets.

Chicago-based GCP plans to use the fund to grow its land-lease community portfolio; continue building True Connection Communities, its senior living platform; and completing its investment in The Parking Spot, reportedly the nation’s largest owner and operator of near-airport parking facilities. The company said it may also identify additional niche sectors for investment.

“We appreciate the continued trust and support that our investors have shown in our ability to successfully execute our targeted investment strategy of building and monetizing fully integrated operating platforms within niche real estate sectors,” said Randy Rowe, GCP’s chairman.

Pictured: Green Courte headquarters at 303 W. Madison.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
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